UMB Financial (NASDAQ:UMBF – Get Free Report) had its target price lowered by analysts at Truist Financial from $170.00 to $156.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the bank’s stock. Truist Financial’s price target would indicate a potential upside of 17.64% from the company’s current price.
Several other research analysts also recently weighed in on the stock. Barclays restated an “overweight” rating and set a $175.00 price objective (up from $170.00) on shares of UMB Financial in a report on Monday, August 3rd. Royal Bank Of Canada decreased their target price on shares of UMB Financial from $170.00 to $168.00 and set an “outperform” rating for the company in a research report on Friday, October 9th. Citigroup reissued a “neutral” rating and issued a $162.00 price objective (up from $144.00) on shares of UMB Financial in a research note on Friday, July 31st. UBS Group began coverage on shares of UMB Financial in a report on Monday, September 14th. They issued a “neutral” rating and a $155.00 target price for the company. Finally, Wells Fargo & Company dropped their price target on shares of UMB Financial from $160.00 to $147.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, UMB Financial has a consensus rating of “Moderate Buy” and a consensus price target of $162.86.
View Our Latest Analysis on UMBF
UMB Financial Stock Up 2.3%
UMB Financial stock traded up $2.96 during mid-day trading on Tuesday, reaching $132.61. The stock had a trading volume of 222,977 shares, compared to its average volume of 879,017. The firm has a market capitalization of $10.07 billion, a PE ratio of 11.02, a price-to-earnings-growth ratio of 0.61 and a beta of 0.82. UMB Financial has a fifty-two week low of $68.92 and a fifty-two week high of $144.36. The stock’s 50-day simple moving average is $138.29 and its 200-day simple moving average is $135.20. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 0.76.
UMB Financial (NASDAQ:UMBF – Get Free Report) last issued its earnings results on Tuesday, July 28th. The bank reported $3.57 earnings per share for the quarter, topping analysts’ consensus estimates of $3.12 by $0.45. UMB Financial had a return on equity of 13.41% and a net margin of 21.64%. The company had revenue of $778.00 million for the quarter, compared to analyst estimates of $727.63 million. During the same period in the prior year, the firm earned $2.96 earnings per share. On average, sell-side analysts forecast that UMB Financial will post 13.53 EPS for the current fiscal year.
Insider Buying and Selling
In related news, Director Susan Murphy sold 1,377 shares of the business’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $145.55, for a total value of $200,422.35. Following the transaction, the director directly owned 10,635 shares of the company’s stock, valued at approximately $1,547,924.25. The trade was a 11.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert Beaird sold 1,600 shares of the business’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $144.40, for a total transaction of $231,040.00. Following the completion of the transaction, the insider owned 8,943 shares in the company, valued at approximately $1,291,369.20. The trade was a 15.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 25,544 shares of company stock worth $3,775,862 in the last ninety days. Corporate insiders own 5.33% of the company’s stock.
Hedge Funds Weigh In On UMB Financial
Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in UMB Financial in the second quarter worth $1,458,386,000. Bank of America Corp DE purchased a new position in shares of UMB Financial during the 2nd quarter valued at $129,153,000. Bank of New York Mellon Corp purchased a new position in shares of UMB Financial during the 2nd quarter valued at $78,410,000. Junto Capital Management LP purchased a new position in shares of UMB Financial during the 2nd quarter valued at $58,924,000. Finally, Neumeier Poma Investment Counsel LLC bought a new position in shares of UMB Financial during the 2nd quarter worth $58,645,380. Hedge funds and other institutional investors own 87.78% of the company’s stock.
About UMB Financial
UMB Financial Corporation is a financial holding company headquartered in Kansas City, Missouri. Its principal subsidiary, UMB Bank, provides banking and financial services to individuals, businesses, institutions and government entities. The company serves customers through banking offices and digital channels across the Midwest and other U.S. markets.
UMB Bank offers commercial and personal banking products, including deposit accounts, loans, treasury management, payment services and credit solutions.
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